Monday , January 25 2021

Bezos just took his first post-COVID (stock) dump — and it’s worth $3.1B

TNW uses cookies to personalize content and ads to
make our site easier for you to use.
We do also share that information with third parties for
advertising & analytics.

Powered by

Inside money, markets, and big tech

That took a while

Amazon‘s Jeff Bezos unloaded $3.1 billion worth of company stock earlier this week, representing a little less than 2% of his personal stake in the ecommerce giant.

Bezos‘ August dumps, which were all made as part of a pre-determined trading plan lodged with the SEC, brings the total value of the billionaire chief exec’s $AMZN sales to a jaw-clenching $7.2 billion.

In total, Bezos sold 1 million shares, and while the price varied, he generally got around $3,130 per share.

While company execs getting rid their own stocks is common practice, Bezos now accounts for more than 98% of the stock sold by Amazon insiders so far in 2020.

In that time, Amazon‘s share price has risen 80%, breaking multiple price records along the way.

[Read: Has Jeff Bezos ended world hunger? Twitter account skewers Amazon chief’s absurd $178B fortune]

Amazon Web Services CEO Andrew Jassy sold around $22 million worth of their company stock alongside Bezos, according to the SEC docs gathered by finance portal Finviz.

Much less, but Finviz calculated that Jassy managed to sell at a slightly higher price ($3,183) than the bossman.

Bezos sales in August are notably his first in more than six months. He generated around $680 million on January 31, and more than $3.3 billion during the first week of February. Back then, $AMZN traded at around $2,000.

Bezos previously pledged to sell roughly $1 billion per year to fund his space exploration project Blue Origin.

Funding secured.

Published August 6, 2020 — 11:44 UTC

Do you want to get the sassiest daily tech newsletter every day, in your inbox, for FREE? Of course you do: sign up for Big Spam here.

Thank you!

Copyright © 2006—2020.
All rights reserved.
Made with

This Article was first published on

About IT News Ug

Check Also

Airbnb to be bigger than eBay after its long-awaited IPO

TNW uses cookies to personalize content and ads to make our site easier for you …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.